AM Best affirms Convex ratings
AM Best has affirmed the credit ratings of Convex Group and its principal subsidiaries, citing the company’s strong capital position, improving underwriting performance and growing international footp…
Business
Butterfield shares slip 1.78% in New York
The RG/BSX Index remained unchanged at 3,690.51, in the absence of trading on the Bermuda Stock Exchange.
Meanwhile Butterfield Bank fell $1.05 (1.78 per cent) on the New York Stock Exchange to close …
Meanwhile Butterfield Bank fell $1.05 (1.78 per cent) on the New York Stock Exchange to close …
Richardson, Goncalves to speak at digital asset compliance camp
Bermuda’s first digital asset compliance boot camp will bring together regulators, lawyers and industry practitioners this week as the island continues to expand its digital asset sector.
ComplianceX,…
ComplianceX,…
Everest and Stone Point launch $600m casualty sidecar
Everest Group has partnered with Stone Point Insurance Solutions to launch a Bermudian-based casualty reinsurance sidecar that is expected to provide about $600 million in third-party capital to suppo…
Arch promotes reinsurance, mortage CEOS
Arch Capital Group has promoted Jerome Halgan to chief executive of its global reinsurance operations as part of a senior leadership reshuffle at the Bermudian-headquartered re/insurer.
The company an…
The company an…
Everest & Stone Point Launch Annapurna Re
Everest Group, Ltd. announced that it has partnered with Stone Point Insurance Solutions to launch Annapurna Re Ltd., a Bermuda-based casualty reinsurance sidecar. A spokesperson said, “Funds managed by Stone Point will serve as the inaugural, anchor investors in this multi-year vehicle. “As part of the transaction, Annapurna is expected to deploy approximately $600 million …
John Wight retires as BCL chairman
Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…
George Hutchings, BCL’s deputy chairman, has been elect…
John Wight retires as BCL chairman
Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…
George Hutchings, BCL’s deputy chairman, has been elect…
Seadrill Prices $700M Senior Notes Offering
Seadrill Limited announced the pricing of a $700 million offering of 6.750% Senior Notes due 2034. A spokesperson said, “Seadrill Limited announced today that Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill has priced its offering pursuant to Rule 144A and …
Bermuda Stock Exchange Report: June 16 2026
June 16 saw 6,000 shares trade on the Bermuda Stock Exchange, valued at $153,607.00 BD. 5,000 shares were traded by Allshores Limited, closing up 9.0% at $23.99 per share, while the other 1,000 shares were traded by Watlington Waterworks Ltd, closing up 1.5% at $34.00 per share. The BSX finished at 3,690.51, up 0.55% on …
Watch: Sweeter future for Ashley’s Lemonade
Soft-drink entrepreneur Ashley Stephens continues to grow her brand with a seasonal business now set to expand into a year-round operation scheduled for the Wesley Square location and a more permanent…
Gallagher Re expects quieter Atlantic hurricane season
Global insurance industry losses were 40 to 45 per cent below normal for the first half of this year, according to Gallagher Re’s chief science officer.
Steve Bowen said that amounted to losses of bet…
Steve Bowen said that amounted to losses of bet…
Inflation rate falls to 2.2% in January
Consumers paid 2.2 per cent more for a basket of goods and services in January than they did the year before – the inflation rate falling from 2.4 per cent in December.
According to the latest Consume…
According to the latest Consume…
Allshores surges 9% on BSX
Shares of Allshores surged 9 per cent in Bermuda Stock Exchange trading today. The insurer climbed $1.99 to close on on $23.99 as 5,000 shares changed hands.
Watlington Waterworks also gained ground,…
Watlington Waterworks also gained ground,…
Retailers see sales volume edge higher in January
Retail sales volume edged 1.1 per cent higher in January, year over year, the Department of Statistics said today.
Six of the seven sectors in the Retail Sales Index recorded year-over-year increases …
Six of the seven sectors in the Retail Sales Index recorded year-over-year increases …
Pradip Patiah joins Axis Capital board
Bermudian insurer and reinsurer Axis Capital has appointed Pradip Patiath to the company’s board of directors. Mr Patiath will serve on the Risk and Human Capital and Compensation Committees, Axis sai…
Verdant Rock assigned BBB+ rating from Fitch
Verdant Rock, a Bermuda-based financial guarantor specialising in emerging markets, has been assigned a BBB+ rating with a stable outlook by Fitch Ratings.
Founded in 2025 and holding a Class 3B licen…
Founded in 2025 and holding a Class 3B licen…
S&P downgrades Vantage and withdraws ratings
S&P Global Ratings has downgraded the credit ratings of Vantage Group Holdings after its acquisition by Howard Hughes Holdings.
The ratings agency described the acquirer as being a “highly leverag…
The ratings agency described the acquirer as being a “highly leverag…
Ariel Re appoints Tim Shreeve to growth-promoting role
Ariel Re has appointed Tim Shreeve as chief commercial officer.
In this role, Mr Shreeve will focus on identifying and advancing opportunities for growth across the business, the Bermudian-based reins…
In this role, Mr Shreeve will focus on identifying and advancing opportunities for growth across the business, the Bermudian-based reins…
Ratings agency disputes findings of private-credit risk study
A leading credit ratings agency has pushed back against a recent academic study that questioned the reliability of private-credit ratings used by life insurers, arguing that the research overstates bo…
Marriott recognises golf superintendent
Salomon Valles, golf course superintendent at The St Regis Bermuda Resort’s Five Forts Golf Course, has won the Marriott Golf Superintendent of the Year Award, recognising, the hotel said, “outstandin…
AI data-centre boom creates need for insurance innovation
The rapid expansion of data centres powering the artificial-intelligence boom is creating significant opportunities for property-and-casualty insurers to develop new insurance products as demand grows…
Butterfield shares fall 0.65% on NYSE
The RG/BSX Index was closed today for the National Heroes day holiday.
Over last week, 12,344 Butterfield shares traded, as the stock appreciated by $2 or 3.6 per cent, as the Index rose 98.62, or 2.6…
Over last week, 12,344 Butterfield shares traded, as the stock appreciated by $2 or 3.6 per cent, as the Index rose 98.62, or 2.6…
Seadrill seeks to raise $600m in debt offering
Bermudian-based offshore drilling contractor Seadrill is seeking to raise $600 million through a new bond offering as part of a plan to refinance existing debt and strengthen its capital structure.
Th…
Th…
Watch: Comerica Bank collateral backs Bermuda captives
A 175-year-old American Bank out of Detroit, Michigan, has been involved in Bermuda’s captive insurance industry since the last century.
The regional Comerica Bank with 413 branches in five states, is…
The regional Comerica Bank with 413 branches in five states, is…
Bermuda a turning point for crypto firm
After receiving dual pre-operational approval from the Bermuda Monetary Authority, the head of a new crypto firm is calling the island “a world-class risk management ecosystem”.
Andrej Majcen, cofound…
Andrej Majcen, cofound…
STS Digital wins US trading technology award
A Bermudian-regulated digital asset trading firm has been recognised in the United States as demand grows for institutional-grade infrastructure in cryptocurrency markets.
STS Digital Ltd said it was …
STS Digital Ltd said it was …
Shipping Schedule: Week Starting June 13
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 13th. On Saturday the Norwegian Jewel and the Independence of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and the Independence of the …
Behold the passion investor
Recently a friend of mine back in Australia bought some original artwork. Now, there are a few layers to this story. Firstly, I thought she was more a paint-by-numbers type of person, secondly I don’…
Meet your financial priorities before buying that land
Dear Dave,
My wife and I make about $180,000 a year combined. We’re also debt-free, and we have no kids. We’d like to start planning to buy a nice piece of land sometime in the near future. Do you hav…
My wife and I make about $180,000 a year combined. We’re also debt-free, and we have no kids. We’d like to start planning to buy a nice piece of land sometime in the near future. Do you hav…
Butterfield gains ground on BSX and NYSE
The RG/BSX Index closed 28.78 (0.79 per cent) higher at 3,670.38 on Friday, after 1,150 Bank of Butterfield shares ($62,975) changed hands, with the share price rising 50 cents (0.9 per cent) to $57.5…
Meyer and BEST Group announce merger
A major amalgamation has been announced between The Meyer Group of Companies and the BEST Group of Companies, a Bermuda-based logistics, shipping, and supply chain conglomerate.
Meyer is Bermuda’s mos…
Meyer is Bermuda’s mos…
Hurricane hunter to deliver keynote at ILS conference
V
Vice Admiral Nancy Hann, a former leader of the famed Hurricane Hunters programme, will deliver the keynote address at Convergence 2026, Bermuda’s flagship conference for the insurance-linked secur…
Vice Admiral Nancy Hann, a former leader of the famed Hurricane Hunters programme, will deliver the keynote address at Convergence 2026, Bermuda’s flagship conference for the insurance-linked secur…
Willis Re expands leadership team with two more executives
Willis Re has appointed two senior reinsurance executives from rival broker Guy Carpenter, including a Bermuda-based market veteran, as it continues to expand its leadership team.
The broker announced…
The broker announced…
Willis Re Appoint Jonathan Ogilvie & Chris Dart
Willis Re, the international reinsurance broker, announced the appointments of Jonathan Ogilvie as Global Head of Non-Marine Specialties and Chris Dart as Head of Treaty Reinsurance, Bermuda, effective immediately. A spokesperson said, “In their roles, Ogilvie and Dart will be responsible for leading their respective teams, managing portfolio performance, and contributing to the expansion of …
Bermuda Stock Exchange Report: June 11 2026
June 11 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $40,750.00 BD. 5,000 shares were traded by LOM Financial Limited, closing up 1.9% at $8.15 per share, while another 900 shares were traded by Allshores Limited, closing down 8.3% at $22.00 per share. The BSX finished at 3,641.59, down 0.50% on the …
iNails opens with focus on Asian-inspired products
Sherry Trott started selling press-on nails in a kiosk on the ground floor of the Washington Mall two years ago, while she sold office furniture upstairs.
“It was a side hustle, but demand for the nai…
“It was a side hustle, but demand for the nai…
Watch: Small-business owners can learn how to ‘own a machine, not a job’
Small and medium-sized business owners who want to maximise their enterprises have an opportunity to obtain key advice from a chartered professional accountant, through the Bermuda Economic Developmen…
Prudential taps Donna Cotter to lead new Bermuda wealth division
Prudential has appointed Donna Cotter as chief executive of a newly created Wealth and Bermuda division, as the island is poised to play a key role in the group’s push into high-net-worth wealth manag…
CEM event puts growth-stage firms in front of investors
An international event that brings together growing companies and potential investors opens in Hamilton today.
The Bermuda Capital Event, organised by Vancouver-based CEM, will feature a series of pre…
The Bermuda Capital Event, organised by Vancouver-based CEM, will feature a series of pre…
OpenAI-backed start-up targets insurance processes
Poetic, an artificial intelligence start-up, with $50 million in funding has revealed its intention to help businesses streamline complex tasks, including insurance underwriting.
American Internationa…
American Internationa…
Charity sees Iran conflict driving food price inflation
Iran is more than 6,000 miles from Bermuda, but its ongoing conflict has a local charity deeply concerned.
“For the organisation the conflict in Iran is a pressing concern,” said Will Campbell, vice-…
“For the organisation the conflict in Iran is a pressing concern,” said Will Campbell, vice-…
Allshores shares fall 8.3% on BSX
Shares of Allshores fell 8.3 per cent on light trading volume on the Bermuda Stock Exchange today. The insurer fell $2 to close on $22, as 900 shares changed hands.
LOM Financial gained 15 cents, or 1…
LOM Financial gained 15 cents, or 1…
Lancashire expands US platform with three new lines
Lancashire has expanded its United States speciality insurance platform into three new product lines, as the group continues its multiyear strategy of diversifying beyond its traditional property, ene…
Aircare Marks 40 Years With Special Offers
Aircare Ltd. is celebrating 40 years in business and will offer special customer deals throughout 2026 and into 2027. A spokesperson said, “Aircare Ltd. is celebrating 40 years in business and has announced that the Company will be offering special deals for customers during 2026 into 2027. Staff will also be dedicating 40 hours of …
Banyan launches healthcare liability line with Mereo
Banyan Risk has expanded its speciality underwriting platform with the launch of a healthcare professional liability line in Bermuda, backed by capacity from Mereo Insurance Ltd.
The new product will …
The new product will …
John Fletcher named Willis Re CEO after court battle with rival broker
Willis Re, an international reinsurance broker, has appointed Bermuda market veteran John Fletcher to be its new chief executive officer.
Mr Fletcher joins from rival reinsurance broker Guy Carpenter…
Mr Fletcher joins from rival reinsurance broker Guy Carpenter…
Banyan Risk Launches Healthcare Liability
Banyan Risk has launched a new Healthcare Professional Liability product and Kim Morgan has joined Banyan Risk as Lead Underwriter, Healthcare, based in Bermuda. A spokesperson said, “Banyan Risk Ltd [“Banyan Risk”], the specialty Managing General Agent [MGA], has launched a new Healthcare Professional Liability product under Banyan Risk Ltd in Bermuda, with strategic capacity …
Warning signs emerge in profitable D&O market, says AM Best
AM Best has warned about dwindling reserves and slower claims resolution in the United States directors and officers liability insurance market.
The report suggests that what for decades as been a hig…
The report suggests that what for decades as been a hig…
Ratings understate private-credit investment risk, study finds
Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new…